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Financial Tools

These calculators have been provided as a resource for you to help plan your financial matters. Enter your criteria and you will find answers with dynamic graphs and personalized reports.

Budget

  • ▶ Does inflation impact my standard of living?

    How does inflation impact my standard of living?

    Inflation can erode purchasing power. For example, a dollar today cannot buy the same amount of goods and services it could 20 years ago. It will continue to erode purchasing power in the future. Use this calculator to determine the impact inflation may have on your standard of living.

    Assumptions
    Number of years for the analysis 
    Estimated inflation rate (%)help
    Monthly or annual figures? 
    Expenses
    Mortgage payment or rent ($) 
    Vacation home (mortgage) ($) 
    Automobile loan(s) ($) 
    Personal loan(s) ($) 
    Charge accounts ($) 
    Federal income taxes ($) 
    State income taxes ($) 
    FICA (social security taxes) ($) 
    Real estate taxes ($) 
    Other taxes ($) 
    Utilities ($) 
    Household repairs and maintenance ($) 
    Food ($) 
    Clothing and laundry ($) 
    Educational expenses ($) 
    Child care ($) 
    Automobile expenses (gas, repairs, etc.) ($) 
    Other transportation expenses ($) 
    Life insurance premiums ($) 
    Homeowners (renters) insurance ($) 
    Automobile insurance ($) 
    Medical, dental and disability insurance ($) 
    Entertainment and dining ($) 
    Recreation and travel ($) 
    Club dues ($) 
    Hobbies ($) 
    Gifts ($) 
    Major home improvements and furnishings ($) 
    Professional services ($) 
    Charitable contributions ($) 
    Other and miscellaneous expenses ($) 
  • ▶ How much am I spending?

    How much am I spending?

    Where does all the money go? An itemization of your living expenses may help you budget better and plan for future expenses. Use this calculator to help you recall and itemize your living expenses.

    Assumptions
    Monthly or annual figures? 
    Expenses
    Mortgage payment or rent ($) 
    Vacation home (mortgage) ($) 
    Automobile loan(s) ($) 
    Personal loan(s) ($) 
    Charge accounts ($) 
    Federal income taxes ($) 
    State income taxes ($) 
    FICA (social security taxes) ($) 
    Real estate taxes ($) 
    Other taxes ($) 
    Utilities ($) 
    Household repairs and maintenance ($) 
    Food ($) 
    Clothing and laundry ($) 
    Educational expenses ($) 
    Child care ($) 
    Automobile expenses (gas, repairs, etc.) ($) 
    Other transportation expenses ($) 
    Life insurance premiums ($) 
    Homeowners (renters) insurance ($) 
    Automobile insurance ($) 
    Medical, dental and disability insurance ($) 
    Entertainment and dining ($) 
    Recreation and travel ($) 
    Club dues ($) 
    Hobbies ($) 
    Gifts ($) 
    Major home improvements and furnishings ($) 
    Professional services ($) 
    Charitable contributions ($) 
    Other and miscellaneous expenses ($) 
  • ▶ How much do I need for emergencies?

    How much do I need for emergencies?

    It is prudent planning to have at least three to six months of liquid/cash assets set aside in the event of a loss of job, medical emergency, short-term disability, etc. Use this calculator to help determine how much you need to set aside monthly or as a lump sum to create an emergency fund.

    Assumptions
    Current gross monthly income ($) 
    Current emergency funds available ($) 
    Number of months for funds to last 
    Before tax return on savings (%)help
    Marginal tax bracket (%)help
    Number of months to accumulate funds 
    Expenses
    Total monthly living expenses, if plan to itemize below then leave at 0. ($) 
    Or Itemize Monthly
    Mortgage payment or rent ($) 
    Vacation home (mortgage) ($) 
    Automobile loan(s) ($) 
    Personal loan(s) ($) 
    Charge accounts ($) 
    Federal income taxes ($) 
    State income taxes ($) 
    FICA (social security taxes) ($) 
    Real estate taxes ($) 
    Other taxes ($) 
    Utilities ($) 
    Household repairs and maintenance ($) 
    Food ($) 
    Clothing and laundry ($) 
    Educational expenses ($) 
    Child care ($) 
    Automobile expenses (gas, repairs, etc.) ($) 
    Other transportation expenses ($) 
    Life insurance premiums ($) 
    Homeowners (renters) insurance ($) 
    Automobile insurance ($) 
    Medical, dental and disability insurance ($) 
    Entertainment and dining ($) 
    Recreation and travel ($) 
    Club dues ($) 
    Hobbies ($) 
    Gifts ($) 
    Major home improvements and furnishings ($) 
    Professional services ($) 
    Charitable contributions ($) 
    Other and miscellaneous expenses ($) 
  • ▶ Should I pay down debt or invest more?
  • ▶ How long will my money last?

    How long will my money last with systematic withdrawals?

    You have worked hard to accumulate your savings. Use this calculator to determine how long those funds will last given regular withdrawals.

    Savings
    Current savings balance ($) 
    Proposed monthly withdrawal amounts ($) 
    Assumptions
    Annual withdrawal increases (if any) (%) 
    Annual before-tax return on savings (%)help
    Federal marginal tax bracket (%)help
    Desired table display 
  • ▶ Should my spouse enter the work force?

    Should my spouse enter the work force?

    A working spouse can provide additional needed household income. However, when making your decision, you need to look at the net income generated by a working spouse not simply the gross income. Factors such as health insurance savings, increased daycare expenses, additional transportation costs, etc. need to be considered. Use this calculator to help determine the potential additional take-home pay.

    Current Monthly Expenses
    Daytime child care (if applicable) ($) 
    Life insurance premiums ($) 
    Medical insurance premiums ($) 
    Monthly Salary and Benefits
    Potential gross monthly income ($) 
    Proposed 401(k) plan contribution (% of salary)> (%) 
    Employer match (%) 
    Maximum employer match (%) 
    Life insurance premiums you will pay ($) 
    Medical insurance premiums you will pay ($) 
    Monthly Work-Related Expenses
    Business entertaining ($) 
    Child care ($) 
    Clothing ($) 
    Housekeeping ($) 
    Meals ($) 
    Transportation ($) 
    Income Tax Information
    Federal marginal tax bracket (%)help
    State marginal income tax bracket (%) 
    Would earnings be 'self-employment' income? 
  • ▶ What is my current net worth?

    What is my current net worth?

    In order to get where you want to go, you need to know where you are. You can get a view of your financial position by generating a personal net worth statement. Over time your net worth will change as your assets earn interest or are depleted and your liabilities increase or decrease. Use this calculator to estimate what your net worth could be in the future based on specified growth rates.

    Tangible Assets
    Value
    Residence ($)
    Vacation home ($)
    Furnishings ($)
    Automobiles ($)
    Rental real estate ($)
    Art, jewelry, and other valuables ($)
    Equity Assets
    Value
    Stocks ($)
    Variable annuities ($)
    Limited partnerships ($)
    Business interests ($)
    Fixed-Principal Assets
    Value
    Fixed-dollar annuities ($)
    Trust deeds ($)
    Other fixed-principal assets ($)
    Fixed-Rate Assets
    Value
    U.S. government bonds and securities ($)
    Municipal bonds ($)
    Corporate bonds ($)
    Face-amount certificates ($)
    Debt mutual funds ($)
    Cash and Cash Equivalents
    Value
    Checking accounts ($)
    Savings accounts ($)
    Money market funds ($)
    Certificates of deposit ($)
    Other cash reserve accounts ($)
    Liabilities
    Value
    Home mortgage ($)
    Other mortgage ($)
    Automobile loans ($)
    Bank loans ($)
    Personal loans ($)
    Charge account debt ($)
    Other debts ($)
  • ▶ What is my projected net worth?

    What is my projected net worth?

    In order to get where you want to go, you need to know where you are. You can get a view of your financial position by generating a personal net worth statement. Over time your net worth will change as your assets earn interest or are depleted and your liabilities increase or decrease. Use this calculator to estimate what your net worth could be in the future based on specified growth rates.

    Assumptions
    Number of years to estimate net worth 
    Tangible Assets
    ValueGrowth
    Residence ($)
    Vacation home ($)
    Furnishings ($)
    Automobiles ($)
    Rental real estate ($)
    Art, jewelry, and other valuables ($)
    Equity Assets
    ValueGrowth
    Stocks ($)
    Variable annuities ($)
    Limited partnerships ($)
    Business interests ($)
    Fixed-Principal Assets
    ValueGrowth
    Fixed-dollar annuities ($)
    Trust deeds ($)
    Other fixed-principal assets ($)
    Fixed-Rate Assets
    ValueGrowth
    U.S. government bonds and securities ($)
    Municipal bonds ($)
    Corporate bonds ($)
    Face-amount certificates ($)
    Debt mutual funds ($)
    Cash and Cash Equivalents
    ValueGrowth
    Checking accounts ($)
    Savings accounts ($)
    Money market funds ($)
    Certificates of deposit ($)
    Other cash reserve accounts ($)
    Liabilities
    ValueGrowth
    Home mortgage ($)
    Other mortgage ($)
    Automobile loans ($)
    Bank loans ($)
    Personal loans ($)
    Charge account debt ($)
    Other debts ($)
  • ▶ What is my current cash flow?

    What is my current cash flow?

    Businesses generate a sources and uses of cash statement to evaluate their income and expenses and to check profitability. Similarly, a cash flow statement can help you evaluate your personal income and expenses and see if you are running 'in the red or the black' each month.

    Assumptions
    Monthly or annual figures? 
    Itemized Income
    Wages, salary and tips ($) 
    Interest on savings accounts, CDs, etc. ($) 
    Dividends from stocks, etc. ($) 
    Social security benefits ($) 
    Pensions ($) 
    Alimony, child support (received) ($) 
    Other income ($) 
    Itemized Expenses
    Charitable/Church donations ($) 
    Mortgage payment or rent ($) 
    Vacation home (mortgage) ($) 
    Automobile loan(s) ($) 
    Personal loan(s) ($) 
    Charge accounts ($) 
    Federal income taxes ($) 
    State income taxes ($) 
    FICA (social security taxes) ($) 
    Real estate taxes ($) 
    Other taxes ($) 
    Utilities ($) 
    Household repairs and maintenance ($) 
    Food ($) 
    Clothing and laundry ($) 
    Educational expenses ($) 
    Child care ($) 
    Automobile expenses (gas, repairs, etc.) ($) 
    Other transportation expenses ($) 
    Life insurance premiums ($) 
    Homeowners (renters) insurance ($) 
    Automobile insurance ($) 
    Medical, dental and disability insurance ($) 
    Entertainment and dining ($) 
    Recreation and travel ($) 
    Club dues ($) 
    Hobbies ($) 
    Gifts ($) 
    Major home improvements and furnishings ($) 
    Professional services ($) 
    Other and miscellaneous expenses ($) 
  • ▶ What is my projected cash flow?

    What is my projected cash flow?

    Businesses generate a sources and uses of cash statement to evaluate their income and expenses and to check profitability. They also create a proforma which is a projection of future cash flows based on assumptions about growth/decline of income and expenses. Similarly, a projected cash flow statement can help you evaluate your personal income and expenses and see if you potentially may run 'in the red or the black' at a future date.

    Assumptions
    Monthly or annual figures? 
    Number of years to project growth 
    Itemized Income
    AmountAnnual Growth
    Wages, salary and tips ($)
    Alimony, child support (received) ($)
    Dividends from stocks, etc. ($)
    Interest on savings accounts, CDs, etc. ($)
    Social security benefits ($)
    Pensions ($)
    Other income ($)
    Itemized Expenses
    AmountAnnual Growth
    Mortgage payment or rent ($)
    Vacation home (mortgage) ($)
    Automobile loan(s) ($)
    Personal loan(s) ($)
    Charge accounts ($)
    Federal income taxes ($)
    State income taxes ($)
    FICA (social security taxes) ($)
    Real estate taxes ($)
    Other taxes ($)
    Utilities ($)
    Household repairs and maintenance ($)
    Food ($)
    Clothing and laundry ($)
    Educational expenses ($)
    Child care ($)
    Automobile expenses (gas, repairs, etc.) ($)
    Other transportation expenses ($)
    Life insurance premiums ($)
    Homeowners (renters) insurance ($)
    Automobile insurance ($)
    Medical, dental and disability insurance ($)
    Entertainment and dining ($)
    Recreation and travel ($)
    Club dues ($)
    Hobbies ($)
    Gifts ($)
    Major home improvements and furnishings ($)
    Professional services ($)
    Charitable contributions ($)
    Other and miscellaneous expenses ($)
  • ▶ What is the value of reducing, postponing or foregoing expenses?

    What is the value of reducing, postponing or foregoing expenses?

    Use this calculator to help determine what you could accumulate by reducing or eliminating discretionary monthly expenses.

    Savings and Assumptions
    Return on savings (%)help
    Number of years to estimate savings 
    Expenses You Can Reduce Or PostponeMonthly Amount

College

  • ▶ How much should I be saving for college?
  • ▶ Will I be able to repay my student loan?
  • ▶ What are the advantages of the Coverdell ESA?
  • ▶ What are the advantages of a 529 College Savings Plan?

    What are the advantages of a 529 college savings plan?

    Tax-deferral can have a dramatic affect on the growth of an investment. With a state-sponsored 529 College Savings Plan your contributions can grow tax-deferred (some states allow contributions to be partially or completely deductible) and distributed income tax-free as long as distributions are used for qualified education expenses such as tuition, fees, room and board at higher education institutions.There is no limit on contributions but some states tend to limit contributions once the plan assets have reached a defined maximum (typically $230,000 - $500,000). Under a special election, you may make contributions per beneficiary in a single year without triggering a federal gift tax by accelerating five years' worth of contributions - based on the applicable gift tax exclusion amount*.Assets are professionally managed by fund managers selected by the state. Participants can choose from two to almost 30 mutual fund-type investments. Control of the account remains with the contributor regardless of the age of the beneficiary.* This gift is viewed as an accelerated gift over five years. Any other gifts to the same beneficiary by the contributor within five years may result in a federal gift-tax liability. If the contributor dies within the five-year period, a prorated portion of the contribution may be included in his or her taxable estate for federal estate tax purposes.

    Savings
    Initial investment amount ($) 
    Annual savings amount: ($) 
    Number of years contributions are made: 
    Assumptions
    Before-tax return on savings (%)help
    Marginal tax bracket (%)help
  • ▶ What is the value of a college education?
  • ▶ What are the payments on a parental (PLUS) loan?
  • ▶ Should I live at home, on campus, or off campus?

Debt

Home & Mortgage

  • ▶ How much home can I afford?
  • ▶ Should I refinance my home mortgage? (breakeven)
  • ▶ Comprehensive mortgage calculator
  • ▶ Comparing mortgage terms
  • ▶ Should I pay extra points for a lower interest rate?

    Should I pay discount points for a lower interest rate?

    In some cases, it may benefit you to 'buy down the interest rate' by paying extra money up front in the form of discount points. Use this calculator to help determine if this makes sense for you.

    Assumptions
    Loan amount ($) 
    Number of years 
    Mortgage Alternatives
    Loan 1Loan 2
    Annual interest rate
    Discount points (if any)
  • ▶ Should I rent or buy a home?
  • ▶ Should I convert to a bi-weekly payment schedule?

    Should I convert to a bi-weekly payment schedule?

    It may surprise you that most banks and mortgage companies collect two to three dollars for every dollar that you borrow! However, there is a way to accelerate mortgage payoff using a method called Bi-Weekly Mortgage Payments. This program is implemented by dividing your monthly mortgage payment in half and paying it every other week - resulting in a net effect of paying an extra payment toward principal each year.

    Loan Information
    Original loan amount ($) 
    Annual interest rate (%) 
    Number of months (30yrs=360) 
    Number of payments made: 3 yrs = 36 pymts 
  • ▶ Compare a 'no-cost' versus traditional mortgage
  • ▶ What are the tax savings generated by my mortgage?
  • ▶ Should I take out a fixed or adjustable rate mortgage?

    Which is better: Fixed or adjustable-rate mortgage?

    It is a difficult decision to decide between a fixed and an adjustable-rate mortgage. Factors such as loan duration, the index used by the lender, the number and timing of rate adjustments, and your assumption about the increase/decrease of future interest rates all have an impact. Use this calculator to help compare the total cost of each alternative.

    Mortgage Alternatives and Assumptions
    Loan amount ($) 
    Fixed-Rate LoanAdjustable-Rate Loan
    (Initial) annual interest rate
    Number of years
    Index Rate Detail
    Current index rate (%)help
    Lenders margin added to index rate (%)help
    Index rate adjustment (%)help
    Number of months between index rate adjustments 
    What will rates be doing over the life of the loan: stay same, increase or decrease? 
    Assumed maximum annual rate adjustment (%) 
    Adjustable Rate Detail
    Absolute minimum rate over term of loan (%) 
    Absolute maximum rate over term of loan (%) 
    Number of months before first rate adjustments 
    Number of months between rate adjustments 
    Comparison Assumptions
    Comparison options/cost of moneyhelp
    (%) 
    Marginal tax bracket (%)help
    Years to compare total costs: 
  • ▶ Adjustable rate mortgage calculator
  • ▶ How do closing costs impact the interest rate?

    How do closing costs impact the interest rate?

    If you choose to finance your closing costs, the monthly loan payments will be higher than if you had paid the closing costs out-of-pocket. In order to help borrowers compare loans, lenders use a standard calculation called annual percentage rates (APR) which takes into account the closing costs. Use this calculator to itemize the closing costs and to compare loans with different rates, fees or terms.

    Loan Information
    Original Loan Amount ($) 
    Term (years) 
    Mortgage Rate (%) 
    Traditional Closing Cost Information
    Discount Points (%) 
    Origination Fee (%) 
    Lender Fees (processing/underwriting) ($) 
    Credit Report ($) 
    Appraisal ($) 
    Title Insurance ($) 
    Reconveyance Fee ($) 
    Recording Fee ($) 
    Wire and Courier Fees ($) 
    Endorsement Fee ($) 
    Title Closing Fee ($) 
    Title Document Prep Fee ($) 
    Other Fees ($) 

Income

Insurance

Investment

Payroll & Benefits

Qualified Plans

Retirement

Savings

Business

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice, or supplement the advice of a professional advisor. There is not and can not be a guarantee of their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. You are encouraged to seek personalized advice from qualified professionals regarding all personal finance issues.